Sompo Japan Nipponkoa Insurance €860 million acquisition of 15% stake in SCOR

Overview:

• Sompo Japan Nipponkoa Insurance has acquired a 15% stake of in SCOR for €860 million.
• The deal involved the regulatory implications in connection with the Spanish subsidiaries of SCOR Group.
• The analysis highlighted the consequences of an indirect acquisition in Spanish insurance companies, especially whether the transaction led to the acquisition of a relevant interest in Spanish insurance companies due to the possibility to exercise a relevant influence in their management.

Adam Majeed - Regional editor